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Mail & Guardian
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Any attempt to prohibit access to the secure financial messaging network could backfire.

Cold reality of mooted Swift bans for Israeli and South African banks

Any attempt to prohibit access to the secure financial messaging network could backfire

Currently accounting for nearly 60% of global currency reserves, the US has benefited immensely from its currency’s elevated status. Brics Pay could change that, especially with its emphasis on financial sovereignty.

Brics Pay a challenger to dominant international money transfer system SWIFT

There is good reason to believe that Brics Pay could be a net positive for cross-border payments

Harry Scherzer, CEO of Future Forex

How secure is the US dollar’s status as the world’s reserve currency? 

The biggest challenge to the dollar comes from China, the US’s main economic rival

Finance Minister Enoch Godongwana. (David Harrison/M&G)

Godongwana: Too early for SA to discuss Swift alternative and de-dollarisation

The country’s trade is skewed towards the West, the finance minister said ahead of the Brics summit

SARB governor Lesetja Kganyago. Photo by Waldo Swiegers/Bloomberg via Getty Images

Swift action: Sanction-heavy future calls for policymakers to de-risk

The Reserve Bank has warned that sanctions will be ‘catastrophic’ to the economy, which is currently vulnerable to geopolitical shocks

Fated: American soldiers in World War I.  (Photo by FRANCE PRESSE VOIR / AFP)

Europe is sleepwalking into another world war

Russia is at war with Ukraine because it is at war with Nato, which is commanded by the United States

“Vintage photograph of HMS Centurion taken in 1923, in Malta harbour.   She took part in the Battle of Jutland in the first world war, and she also took part in world war two.  NOTE: Real historic photo so the quality is not great.” (Getty Images)

Europe is sleepwalking into another world war

Russia is at war with Ukraine because it is at war with Nato, which is commanded by the United States